Abstract: To overcome the multipath effect, a fast algorithm for low elevation estimation for MIMO radar via matrix pencil is proposed. The signals both in transmit multipath and receive multipath are considered. Firstly, a forward-backward matrix pencil is formed based on the single-sampled vector. Secondly, the reduced-dimensional processing is applied to the matrix pencil via two unitary matrices. Finally, the generalized eigen-decomposition is employed to estimate the low elevation in multipath environments directly. Without the covariance matrix estimation, the proposed method can overcome multipath effect effectively in case of low SNR and estimate multi-target simultaneously. Compared with Maximum Likelihood (ML) method, it avoids spectrum peak searching and reduces the computational burden. Numerical results verify the effectiveness of this method.